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Stocks Rise as Tech Leads While Signet Falls Despite Earnings Beat

MarketDash Editorial Team
19 days ago
U.S. markets climbed Tuesday with the Dow up 250 points and tech leading gains. Signet Jewelers dropped 4% despite crushing earnings expectations, while gold fell over 1% and energy stocks lagged the broader rally.

U.S. markets pushed higher at midday Tuesday, with the Dow Jones adding roughly 250 points as technology stocks powered a broad-based rally.

The Dow climbed 0.55% to 47,550.31, while the NASDAQ gained 0.79% to reach 23,458.73. The S&P 500 rose 0.40% to 6,839.62.

Sector Movements

Information technology shares led the charge, jumping 1.1% on Tuesday as investors piled into growth names.

On the flip side, energy stocks dragged as the session's biggest loser, falling 1.4% amid softer oil prices.

Signet Shines on Earnings, Stock Doesn't

Signet Jewelers Limited (SIG) dropped about 4% Tuesday in one of those head-scratching market moments where good news doesn't translate to stock gains.

The jewelry retailer actually delivered a solid quarter with stronger-than-expected results. The company posted higher earnings and wider margins thanks to firm pricing, better product assortments, and tighter cost controls—all pointing to a healthier business heading into the crucial holiday season.

Quarterly sales hit $1.391 billion, up 3.1% year over year and topping analyst estimates of $1.370 billion. The company reported third-quarter adjusted earnings of 63 cents per share, more than doubling the Street's expectation of 29 cents.

Big Movers Higher

Polyrizon Ltd (PLRZ) exploded 101% to $6.36 after announcing it completed a manufacturing upscaling milestone for its proprietary nasal-spray product platform.

Eventbrite Inc (EB) surged 79% to $4.44 following news that Bending Spoons will acquire the company for approximately $500 million.

MongoDB Inc (MDB) jumped 25% to $412.22 after reporting better-than-expected third-quarter results and raising its fiscal 2026 guidance above analyst estimates.

Notable Decliners

Janux Therapeutics Inc (JANX) plunged 47% to $17.91 after the company released updated interim data for its JANX007 program.

Vestis Corp (VSTS) fell 17% to $5.58 after posting mixed fourth-quarter results. The company also announced a multi-year restructuring plan.

American Bitcoin Corp (ABTC) tumbled 42% to $2.06.

Commodities Slide

Oil edged down 0.5% to $59.05 per barrel, while gold dropped 1.2% to $4,225.00.

Silver fell harder, down 2.3% to $57.805 on Tuesday. Copper declined 0.8% to $5.2605.

International Markets

European markets closed mostly higher. The eurozone's STOXX 600 rose 0.10%, while Spain's IBEX 35 Index gained 0.59%. London's FTSE 100 edged up just 0.01%, Germany's DAX 40 climbed 0.56%, and France's CAC 40 dipped 0.19%.

Asian markets finished mixed Tuesday, with Japan's Nikkei essentially flat at up 0.001%, Hong Kong's Hang Seng gaining 0.24%, China's Shanghai Composite falling 0.42%, and India's BSE Sensex declining 0.59%.

Economic Calendar

No major economic reports were scheduled for release Tuesday.

Back to Stock Market News

Stocks Rise as Tech Leads While Signet Falls Despite Earnings Beat

MarketDash Editorial Team
19 days ago
U.S. markets climbed Tuesday with the Dow up 250 points and tech leading gains. Signet Jewelers dropped 4% despite crushing earnings expectations, while gold fell over 1% and energy stocks lagged the broader rally.

U.S. markets pushed higher at midday Tuesday, with the Dow Jones adding roughly 250 points as technology stocks powered a broad-based rally.

The Dow climbed 0.55% to 47,550.31, while the NASDAQ gained 0.79% to reach 23,458.73. The S&P 500 rose 0.40% to 6,839.62.

Sector Movements

Information technology shares led the charge, jumping 1.1% on Tuesday as investors piled into growth names.

On the flip side, energy stocks dragged as the session's biggest loser, falling 1.4% amid softer oil prices.

Signet Shines on Earnings, Stock Doesn't

Signet Jewelers Limited (SIG) dropped about 4% Tuesday in one of those head-scratching market moments where good news doesn't translate to stock gains.

The jewelry retailer actually delivered a solid quarter with stronger-than-expected results. The company posted higher earnings and wider margins thanks to firm pricing, better product assortments, and tighter cost controls—all pointing to a healthier business heading into the crucial holiday season.

Quarterly sales hit $1.391 billion, up 3.1% year over year and topping analyst estimates of $1.370 billion. The company reported third-quarter adjusted earnings of 63 cents per share, more than doubling the Street's expectation of 29 cents.

Big Movers Higher

Polyrizon Ltd (PLRZ) exploded 101% to $6.36 after announcing it completed a manufacturing upscaling milestone for its proprietary nasal-spray product platform.

Eventbrite Inc (EB) surged 79% to $4.44 following news that Bending Spoons will acquire the company for approximately $500 million.

MongoDB Inc (MDB) jumped 25% to $412.22 after reporting better-than-expected third-quarter results and raising its fiscal 2026 guidance above analyst estimates.

Notable Decliners

Janux Therapeutics Inc (JANX) plunged 47% to $17.91 after the company released updated interim data for its JANX007 program.

Vestis Corp (VSTS) fell 17% to $5.58 after posting mixed fourth-quarter results. The company also announced a multi-year restructuring plan.

American Bitcoin Corp (ABTC) tumbled 42% to $2.06.

Commodities Slide

Oil edged down 0.5% to $59.05 per barrel, while gold dropped 1.2% to $4,225.00.

Silver fell harder, down 2.3% to $57.805 on Tuesday. Copper declined 0.8% to $5.2605.

International Markets

European markets closed mostly higher. The eurozone's STOXX 600 rose 0.10%, while Spain's IBEX 35 Index gained 0.59%. London's FTSE 100 edged up just 0.01%, Germany's DAX 40 climbed 0.56%, and France's CAC 40 dipped 0.19%.

Asian markets finished mixed Tuesday, with Japan's Nikkei essentially flat at up 0.001%, Hong Kong's Hang Seng gaining 0.24%, China's Shanghai Composite falling 0.42%, and India's BSE Sensex declining 0.59%.

Economic Calendar

No major economic reports were scheduled for release Tuesday.